A Process That Involves Examining All Elements of a Component

question 79

Multiple Choice

A process that involves examining all elements of a component, assembly, end product, or service to make sure it fulfills its intended function at the lowest total cost is:

• A)target costing.
• B)design to cost.
• C)value analysis.
• D)examination costing.

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Definitions:

Highly Trained Professionals

Individuals who have undergone extensive education and training in their field, possessing specialized knowledge and skills.

Interviewers

Individuals who conduct interviews, typically to assess job candidates, gather information, or for research purposes, requiring skills in questioning and communication.

Personal Biases

The inclination or prejudice for or against one person or group, especially in a way considered to be unfair.

Line Managers

Individuals in an organization who directly manage other employees and operations while having responsibility for achieving business goals.